I've never been interested in owning shares of Apple (AAPL, Financial). It isn't that I don't think it is a great company and it isn't that I don't think it has great profits. I just can't get my head around how the company can continue to innovate enough to sustain the enormous levels of cash flow it creates.
Value investing professor Greenwald thinks the end to this profit machine isn't possible, but inevitable. He discusses below:
Value investing professor Greenwald thinks the end to this profit machine isn't possible, but inevitable. He discusses below:
